MortgagePropertiesGetting a mortgage in Italy as a foreigner: A complete guide

20 June 20230

Italy, a country rich in art, history, fashion, music, food and wine, is a favorite destination for many foreigners, especially Americans, to purchase real estate abroad. If you are a foreigner and want to get a mortgage for a property in Italy, this article will provide you with all the necessary information, including conditions, requirements and documentation.

Can I get a mortgage in Italy as a foreigner?

Yes, foreigners can obtain a mortgage in Italy. However, the process can be a bit complicated due to the strict eligibility rules of Italian banks. Generally, nonresidents can obtain mortgages with a loan-to-value ratio of 50-70%. It is important to work with a broker such as Flavio Moretto Consulting – – who has specialized knowledge of the Italian mortgage market and can identify the right lenders for you.

How much do you have to pay for a mortgage in Italy?

Non-residents may be required to make a 10-30% deposit. Some banks allow customers to apply for pre-approved mortgages of up to six months’ duration. The amount you can borrow depends on several factors such as nationality, domicile, personal circumstances (employment, marriage, financial status) and the condition of the property.

What does it take to get a mortgage in Italy?

To apply for a mortgage in Italy, you need to provide identity documents, proof of income, a credit report and an address document. The mortgage application procedure for residents is the same as for Italians. The procedure takes on average between 20 and 60 days.

How long does it take to obtain a mortgage in Italy?

The mortgage process in Italy takes about eight to 10 weeks from submission of the application to receipt of the mortgage amount. Pre-approval is recommended before committing to an investment property.

Types of mortgages in Italy

Italy offers both variable-rate and fixed-rate mortgages, with variable rates being more popular due to lower interest rates. Green mortgages are also available for energy-efficient properties.

Mortgage costs

Mortgage costs include mortgage application fees, brokerage fees (if applicable), mortgage taxes, appraisal, notary fees, home insurance, and interpreter fees (if necessary). The additional costs of buying a property in Italy can amount to more than 10 percent of the purchase price.


Obtaining a mortgage in Italy as a foreigner can be a complex process, but with the right guidance and understanding of the Italian mortgage market, it is entirely possible. It is advisable to contact an expert such as Flavio Moretto Consulting – – to assess the circumstances of individual cases and expedite the process while minimizing costs.

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